Frequency Electronics, Inc. (FEIM) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.076 Some of the programs we're bidding on are larger than the typical contract wins 00:00:05.076 -- 00:00:08.157 we've previously reported. 00:00:08.619 -- 00:00:12.083 Furthermore, these programs have significant 00:00:12.083 -- 00:00:17.208 follow-on potential over the next decade and beyond. 00:00:17.208 -- 00:00:22.293 Both space and non-space defense activity point to continued healthy 00:00:22.293 -- 00:00:25.016 growth in our core markets 00:00:25.016 -- 00:00:30.338 for our legacy products and our next generation technology. 00:00:30.338 -- 00:00:35.425 Notable programs we're involved in include Golden Dome, Patriot Missile 00:00:35.425 -- 00:00:40.813 System, B-2 Bomber, and Terminal High Altitude Area 00:00:40.813 -- 00:00:46.001 Defense System, or THAAD, as well as other multi-domain 00:00:46.001 -- 00:00:48.384 defense systems. 00:00:48.384 -- 00:00:55.091 To support these markets, as well as our new initiatives in quantum sensing, 00:00:55.715 -- 00:01:01.279 the company recently opened an engineering facility in Boulder, Colorado, 00:01:01.279 -- 00:01:06.385 and hired senior scientists formerly with the National Institute of 00:01:06.385 -- 00:01:08.767 Standards Technology 00:01:08.767 -- 00:01:11.591 Time and Frequency Division. 00:01:11.591 -- 00:01:16.957 These physicists and others who are expected to join FEI at the Boulder facility 00:01:16.957 -- 00:01:22.683 in the near future will support ongoing company programs and new technology 00:01:22.683 -- 00:01:28.490 efforts. We anticipate that the Boulder facility will contribute positively 00:01:28.490 -- 00:01:33.216 to the bottom line by the third quarter of this fiscal year. 00:01:33.216 -- 00:01:38.503 In addition, as noted previously, we're pursuing external go...